Crypto Boom: Japan Cuts Crypto Gains Tax to 20% While a 9,900% Token Earns Investors’ Attention With Millions Sold in Hours

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The story "Crypto Boom: Japan Cuts Crypto Gains Tax to 20% While a 9,900% Token Earns Investors’ Attention With Millions Sold in Hours" was covered 22 hours ago by TheNewsCrypto, a news publisher based in United Arab Emirates.

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TheNewsCrypto 22h ago

Crypto Boom: Japan Cuts Crypto Gains Tax to 20% While a 9,900% Token Earns Investors’ Attention With Millions Sold in Hours - TheNewsCrypto

Quick Summary:

Japan has taken a significant step forward in its approach to cryptocurrency taxation, slashing the tax on crypto gains from a hefty progressive rate of up to 55% to a uniform 20%.

This policy shift is designed to promote investment in the digital asset sector.

The move highlights Japan’s commitment to fostering innovation while easing the tax burden on crypto investors.